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Reply to "Boomers' Billion-Dollar Bonanza: The Unseen Hoarding Behind Millennial Struggles"
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[quote=Anonymous]My boomer parents bought their first home in the late 70s with an 18% interest rate, after paying the mortgage for 30 years they sold it for about the same price. Their midwestern city went way downhill during their lifetimes. Thank god they are savers and can have a decent retirement with no home equity, but these millennial complaints about the boomers aren’t accurate for the vast majority of that generation. One big difference I see is the boomers learned from their depression era parents to be frugal and all of the millennials o know can’t stop spending on everything they see.[/quote]
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